Gainesville Mixed-Use Commercial
For Sale
$1,000,009
Pending
1938 NE WALDO, Gainesville, FL 32609
Versatile mixed-use property in a growing Gainesville corridor.
Property Size4,206 SF
Lot Size0.37 Acres
Days on Market233
Property Features for 1938 NE WALDO
General Information
Standard status
Pending
Size
4,206 SF
Lot size
0.37 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,747
Building Details
Building Size
4,206 SF
Year Built
1900
Listing Agency:
WATSON REALTY CORP
Listed By:
Sherman Bryan, Jr.
(352) 262-9319
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 28 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WATSON REALTY CORP
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Investment Insights
Based on property information with market context.
Located in Gainesville's NE Seola area, this mixed-use property offers a prime commercial opportunity. The property, situated on a 0.37-acre MU1-zoned lot along NE Waldo Road, provides excellent visibility in a growing corridor and is just minutes from Downtown Gainesville. Originally constructed in 1900 and updated in 2020, the masonry building features 4,206 SF of heated space with 8 spacious rooms, central HVAC, and forced-air electric heating. The building has a durable CB stucco exterior with drywall interior walls and pine/soft wood flooring, topped with a flat tar & gravel roof. Currently used as a daycare facility with a capacity of 69, this property is ideal for a daycare, community center, professional office, or other mixed-use applications. The location is near Gainesville Regional Airport, Depot Park, and the University of Florida, as well as Paynes Prairie Preserve, Morningside Nature Center, and the Matheson History Museum. The property offers a high-visibility location with strong community appeal.
Key Highlights
- Prime 4,374 SF mixed‑use property in a growing Gainesville corridor.
- MU1 zoning allows for daycare, community center, professional office, or other mixed‑use applications.
- Updated in 2020 with 4,206 SF of heated space and central HVAC, featuring durable construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,579
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,580
$971.6K
Cap Rate 7%
$693,986
$694.0K
Cap Rate 9%
$539,767
$539.8K
Market Conditions
NOI Build-Up for 4,206 SF
Gross rent
$88.3K $21.00/SF
− Vacancy
−$10.6K −$2.52/SF
EGI
$77.7K $18.48/SF
− OpEx
−$29.1K −$6.93/SF
NOI
$48.6K $11.55/SF
Area
Gainesville, FL
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,580
Cap Rate 7%
$693,986
Cap Rate 9%
$539,767
Alternative Uses
Best Use
Mixed Use
$694.0K
$607.2K – $809.7K
NOI $48,579 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,922 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32609, FL
18,322
Population
8,515
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
117.5 sq mi
ZIP Area
156
Density / Sq Mi
$48,121
Median Household Income
$34,041
Median Earnings
$1,159
Median Rent
$174,500
Median Home Value
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Similar Off Market Nearby
- Superior Childcare & Learning — 1645 NE 8th Ave, Gainesville, FL 32641
- A To Z Professional Childcare — 1645 NE 8th Ave, Gainesville, FL 32641
- Duval Early Learning Academy — 2106 NE 8th Ave, Gainesville, FL 32641
- Laniakea Montessori School — 931 NE 16th Ave, Gainesville, FL 32601
- Episcopal Children's Services - East Ridge Head Start — 1130 NE 16th Ave, Gainesville, FL 32601
Frequently Asked Questions
What type of property is this?
Day care center - Versatile mixed-use property in a growing Gainesville corridor.
Where is this day care center located?
The property is located at 1938 NE WALDO Gainesville, FL.
What is the asking price?
The asking price for this property is $1,000,009.
What are key features of this property?
This property features: Prime 4,374 SF mixed‑use property in a growing Gainesville corridor.; MU1 zoning allows for daycare, community center, professional office, or other mixed‑use applications.; Updated in 2020 with 4,206 SF of heated space and central HVAC, featuring durable construction.
